DFM adds 29.5 pts Monday

Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance for the seventh successive day on Monday, backed by purchases of blue chips and defensive stocks.

The general index rose 0.82% or 29.5 points to reach 3,602.46 points, its highest level since March 2017.

Positive outlook for first-half financials and news related to new initial public offerings (IPOs) led investors to build up new positions in blue chips, pushing the bourse to close higher, according to capital market analyst Hareb Omar.